Cannabis Briefs for December 24, 2019December 27, 2019
•Green Thumb Industries has opened a Rise retail location in Paterson, New Jersey, its first in the state. The store, only open to medical marijuana users, is Green Thumb’s 37th store nationwide and the fourth opened in the last month. The Chicago-based company also owns a cannabis cultivation and processing facility in Paterson that began operations this month. New Jersey currently boasts over 63,000 registered medical cannabis patients.
•Tilray’s joint venture with A-B InBev, Fluent Beverages, has launched its first CBD beverage in Canada. Called Everie, the brand is first being released as a line of CBD-infused tea bags including peach ginger green tea, lavender chamomile, and vanilla rooibos tea. Each teabag contains 10 mg of CBD. Early next year sparkling Everie beverages will launch as well in fruit flavors like lemon lime, mango passionfruit, and watermelon dragonfruit. Everie is available in select provinces.
•Massachusetts-based Acreage Holdings has opened a new cultivation facility in Medford, Oregon. The 30,000-square foot growhouse will yield its first harvest this month. Acreage will launch its Botanist brand in Oregon and introduce Tweed, marking the first appearance of the Canopy Growth brand in the U.S. Canopy has licensed Tweed to Acreage for U.S. operations in advance of their proposed merger. Both The Botanist and Tweed products will be available in Acreage’s five Cannabliss retail locations in Oregon, among other venues.
•Michigan sold $3.1 million worth of cannabis in its first two weeks of legal sales, according to the state’s Marijuana Regulatory Agency. First week sales totaled approximately $1.6 million despite the extremely limited number of dispensaries up and running on launch day. The state has issued 16 retail licenses so far to serve the state’s 10 million residents, but most of those are still preparing to open and stockpiling enough inventory to meet what’s expected to be strong demand.
•Cam Battley has stepped down as chief corporate officer of Aurora. Battley was recently appointed to the board of MedLeaf Australia, a Brisbane-based medical firm in which Aurora holds a 10% economic stake and 50% of voting rights. No replacement has been named.Subscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning. You will also receive the Cannabis edition as part of your subscription.